How Elon Musk oversaw Tesla’s historic decline - IN FOCUS: Tesla is no longer the world’s leading electric vehicle maker after a record-breaking drop in sales. As analysts predict more woes for the US firm,

The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.

Despite the decline, Tesla’s share price rose in early trading, signalling that investors remain focused on the company’s future in driverless vehicle technology rather than its current sales performance.